Best term deposit rates March 2020

The best term deposit rates on InfoChoice are over 2.0% pa in March 2020. The highest Australian term deposit rate in March 2020 on InfoChoice [...]

POSTED ON March 5, 2020
Top term deposit rates in February 2020

The best term deposit rates in Australia may not be available from your own bank. The highest term deposit rates in February 2020 on InfoChoice [...]

POSTED ON February 4, 2020
Top term deposit rates in 2020

The new year brings a new opportunity for savers and investors to review their accounts, compare returns and ensure they are getting the best rates [...]

POSTED ON January 15, 2020
Term Deposit Rate Update January 2020

In January 2020, InfoChoice’s top term deposits include products with market-leading rates, like the Green Term Deposit from UBank, Citi Australia’s term deposits and Judo [...]

POSTED ON January 7, 2020
Top 12–month term deposit rates in November 2019

Term deposits are popular with retirees, sophisticated investors wanting to diversify with cash and savers needing to lock their cash away. 12-month (1-year) term deposits [...]

POSTED ON November 25, 2019
Trending Financial News 25 November

Westpac share price crashes Westpac shares have crashed in two days of trading last week and may still fall further when markets open this week. [...]

POSTED ON November 25, 2019
Term deposit rate update November

Term deposit rates are under pressure as official interest rates fall closer to zero in Australia. The highest term deposit rate now on offer from [...]

POSTED ON November 12, 2019
Trending Financial News 12 November

Judo Bank faces heavyweight fight for name A legal battle over the name Judo has erupted with business lender and term deposit provider Judo Bank [...]

POSTED ON November 12, 2019
Trending Financial News 18 October

Pension day problems at Commonwealth Bank Commonwealth Bank services have been restored this morning after a major outage in core banking services affected Netbank, branches, [...]

POSTED ON October 18, 2019
Which bank calculates term deposit daily?

Calculating interest daily unlocks the power of compounding. It’s a big advantage. When you invest your money in a term deposit account you know that [...]

POSTED ON October 11, 2019
Which bank has the best term deposit rates?

If you’re thinking about opening a term deposit account to help you to achieve your savings goals then it’s important that you choose and open [...]

POSTED ON September 30, 2019
What is term deposit ‘rollover risk?’

At first sight, term deposits are pretty much the ideal, low–maintenance savings vehicles; you deposit your money, then sit back and wait for the term [...]

POSTED ON July 4, 2019
How to double your deposit in half the time

The cost of living isn’t getting any cheaper so if you’re saving up for a home deposit you might feel like you’re running an impossible [...]

POSTED ON June 27, 2019
Lock in your term deposit rates NOW

Interest rates are tipped to fall in 2019 and 2020 from the already low rates now being paid to savers. It’s entirely possible that there [...]

POSTED ON May 27, 2019
Why are bank deposits our favourite way to invest?

Australians prefer to save, invest and grow their money with bank deposits. Bank deposits, including savings accounts and term deposits, are, by far, our favourite [...]

POSTED ON September 15, 2016
Why are term deposit rates less than savings rates

Australian Prudential Regulation Authority chairman Wayne Byres questioned why banks and credit unions are offering higher rates on at-call savings accounts over term deposits. Byres [...]

POSTED ON September 22, 2015
Is a term deposit right for me?

Savers and investors who are looking for a reasonable return on their money may be looking around at their options. These might include a high [...]

POSTED ON August 14, 2015
Do I want a term deposit or a savings account?

Term deposits are still enormously popular with investors and savers. High interest online savings accounts are currently offering rates that are very competitive with term [...]

POSTED ON August 7, 2015
The best and the worst of term deposits

With interest rates at historic low levels, people in the market for a term deposit need to seek out the good deals to ensure they [...]

POSTED ON July 10, 2015
Yes you can still find good term deposit rates

Term deposits are traditionally an important part of many saver’s strategies and often comprise a big part of retiree’s income streams. Term deposit rates have [...]

POSTED ON May 8, 2015
What to look for in a term deposit

Term deposits traditionally offer a slightly higher rate than at-call savings accounts, although average term deposit rates have fallen in 2013 and 2014. Despite falling [...]

POSTED ON November 18, 2014
Term deposits can work for you

Term deposits are simple savings accounts offered by banks, building societies and credit unions that pay a fixed rate of interest for a given term [...]

POSTED ON September 27, 2013
NAB has term deposits rates up to 4.5%

National Australia Bank is currently paying up to 4.50 per cent per annum for five year term deposits with interest paid annually. For interest paid [...]

POSTED ON September 20, 2013
Term deposit tricks and traps

Savers rolling over term deposits need to ensure that they are getting the best rates available. Banks offer different rates for different terms, creating a [...]

POSTED ON August 26, 2013
Deposits flow out as rates fall

Growth in household deposits is slowing, as savers move their money out of at-call and term deposits in search of higher rates. Some deposit-taking institutions [...]

POSTED ON June 4, 2013
NAB says deposit war is easing

National Australia Bank chief executive Cameron Clyne said it will be difficult to hold back part of any future interest rate cuts from borrowers because [...]

POSTED ON May 10, 2013
Savers like to spread their deposits around

Savers are spreading their deposits around rather than putting all their money in one bank or other deposit-taking institution. According to Roy Morgan Research, customers [...]

POSTED ON April 18, 2013
Westpac wants more savings deposits

Westpac says it will continue to chase consumer savings aggressively. A fall in term deposit interest rates over recent months has sparked predictions that fierce [...]

POSTED ON April 4, 2013
Savers turning to longer term deposits

Average interest rates on a 180-day term deposit are about 3.89 per cent right now, compared with 5.45 per cent two years ago. 12-month term [...]

POSTED ON March 27, 2013
Bendigo says deposit war is over

Bendigo and Adelaide Bank managing director Mike Hirst said the war for deposits would cool because of recent improvements in wholesale funding markets. “The wholesale [...]

POSTED ON February 21, 2013
Banks still dominate deposits and mortgages

The latest data from the Australian Prudential Regulation Authority shows the big four banks control 83 per cent of home loans up from about 67 [...]

POSTED ON February 18, 2013
Why term deposit rates change from week to week

Suncorp Bank executive manager Craig Fenwick says term deposit rates regularly fluctuate. “It depends what's happening in the financial markets and for banks' competition,” he [...]

POSTED ON December 18, 2012
Average 12m term deposit now 4.25%

Term deposit interest rates continue to fall but they are a long way off the lows experienced during the global financial crisis. Reserve Bank of [...]

POSTED ON December 18, 2012
Aussies continue to favour deposits over risk

Depositors are not going to stop squirreling money into banks and shift their savings to higher-risk investments for a long time according to Westpac boss [...]

POSTED ON December 17, 2012
Credit unions point out the deposit guarantee trap

Credit Union Australia Chief Chris Whiteheads says consumers may not be aware that the government’s $250,000 deposit guarantee applies across all of a bank’s brands. [...]

POSTED ON December 10, 2012
Online saver accounts vs term deposits

Online savings accounts are safe and can earn up to 2.5 per cent above inflation but there are tricks to these. The online “bonus” savers [...]

POSTED ON October 22, 2012
Term deposits – how they work for you

Term deposits are simple savings accounts offered by banks, building societies and credit unions that pay a fixed rate of interest for a given term [...]

POSTED ON October 16, 2012
Term deposits are now key investments

Term deposits used to be a vehicle for wealthy individuals and the older generations to park a bit of cash. But this all changed in [...]

POSTED ON September 28, 2012
UBank raises term deposit rates

UBank have increased its three, six and 12-month term deposit rates by between 10 and 22 basis points, only a couple of weeks after cutting [...]

POSTED ON September 21, 2012
Term deposits tipped to become better value

Term deposits are likely to become better value for savers than at-call accounts under new bank rules. Reserve Bank assistant governor Guy Debelle says retail [...]

POSTED ON September 19, 2012
Investors say bank deposits are the safest

A new survey has found the number of consumers who believe bank deposit accounts are the wisest place for their savings is at its highest [...]

POSTED ON September 19, 2012
Average term deposit rate is now 3.75%

Depositors have been cushioned from falling interest rates by stiff competition for retail deposits but rates are still coming down. According to the Reserve Bank, [...]

POSTED ON September 4, 2012
Big differences on term deposit rates

Term deposits are a secure investment with minimal risk to investors because the interest rate is fixed and the government guarantees the deposit up to [...]

POSTED ON August 7, 2012
Now is the time to take action on term deposits

The time has come for all self-managed superannuation funds and larger private investors to stand up for themselves and negotiate much more vigorously with banks [...]

POSTED ON July 30, 2012
RaboDirect offering 6% on 5 year term deposit

People wanting to lock their savings into the government guaranteed safety of deposits can still get rates of six per cent said Andrew Murray, chief [...]

POSTED ON May 28, 2012
Term deposits get favoured treatment from banks

Australia’s major four banks have been more generous with their three-month term deposits compared to their standard variable mortgage rates. The major four banks had [...]

POSTED ON April 24, 2012
Great value term deposits get more popular

Almost half of our savings are now tied up in term deposits. The minutes of the April Reserve Bank board meeting revealed just how important [...]

POSTED ON April 23, 2012
Term deposit rollover costs $4b

Billions of dollars is being lost by savers who are getting their term deposits automatically rolled over to a lower interest rate by their bank. [...]

POSTED ON April 23, 2012
Teachers Bank attracting new deposits

Teachers Mutual Bank chief executive Steve James said the bank was on track to report a net profit of $24 million for the year to [...]

POSTED ON April 5, 2012
Big banks all cut term deposit rates

The top four banks have each cut 20 basis points off their three-month term deposit rates since the start of the year. Longer-term savings rates [...]

POSTED ON March 23, 2012
Term deposit rates going up

The best rates in the term deposit market at the moment are being offered on six-month terms. The top rate for that term is 5.95 [...]

POSTED ON March 21, 2012
CommBank increases term deposit rates

The Commonwealth Bank announced it will increase interest rates for its six month Term Deposit account by 0.20 per cent. The bank also announced standard [...]

POSTED ON February 14, 2012
Investors need to check on their deposits

According to the latest figures from the Australian Taxation Office, about 30 per cent of Australian SMSF balances were invested in cash or term deposits. [...]

POSTED ON February 9, 2012
Virgin Saver cuts rates and slows deposits

Virgin Money chief executive, Matt Baxby said he was pleased with the progress of the deposit account, Virgin Saver, although he did not say what [...]

POSTED ON January 30, 2012
UBank has 200,000 depositors

UBank has more than A$10 billion deposits and more than 200,000 customers, Alex Twigg, general manager of the NAB brand, told The Australian. This represents [...]

POSTED ON January 23, 2012
Tax Office targets wealthy depositors

As it continues the offshore hunt for hidden tax revenue, the ATO is also searching for elusive tax revenue close to home. Last year, the [...]

POSTED ON January 5, 2012
Rich Aussies scared back to bank deposits

In 2010-11, the volume of funds flowing back to Australia from 13 major tax secrecy jurisdictions increased for the first time since 2007-08, the year [...]

POSTED ON January 5, 2012
Investors still rushing for term deposits

Investors continue to pull their money out of the stockmarket at record rates and ploughing their savings into term deposits. Australian term deposits have swelled [...]

POSTED ON December 21, 2011
AMP brings term deposits to workplace super

AMP said the popularity of term deposits in its personal super products had led it to introduce term deposits for its corporate super products, CustomSuper [...]

POSTED ON December 8, 2011
Citi & Mystate have best 90day term deposits

Infochoice figures show that more than 30 institutions cut their term deposit rates over the past month. Reductions in 90-day deposit rates were in the [...]

POSTED ON December 1, 2011
Big bank term deposit rates falling fast

The big four banks have all lowered their term deposit rates this week. The rates are almost the same so I won't bother to differentiate. [...]

POSTED ON November 29, 2011
Sophisticated term deposits working for Westpac

Westpac is betting that investors in term deposits will become more sophisticated in their use of the product and start to look for some diversification [...]

POSTED ON October 14, 2011
Australia Post to sell ING Direct term deposits

ING Direct will now sell term deposit products through Australia Post outlets, the Financial Review reports. Two thirds of its clients prefer to open an [...]

POSTED ON September 8, 2011
Term deposit rates falling

Term-deposit rates have fallen by about 0.3 of a percentage point recently and bankers say they might fall further. Most people like to put their [...]

POSTED ON August 31, 2011
Saving a deposit now much easier

Houses are more affordable now than they have been for about five years. In Brisbane now, the average ten per cent deposit for a home [...]

POSTED ON August 22, 2011
Term deposit rates slashed

Term deposit rates have come down by around 30 basis points since the start of the month, as deposit-takers adjust to movements in wholesale markets [...]

POSTED ON August 22, 2011
Depositors switching to AMP and Rabo

AMP Bank and Rabobank had the fastest-growing retail deposit books over three months. Of the big banks, ANZ recorded deposit growth of 1.1 per cent. [...]

POSTED ON August 1, 2011
Term deposits are not all the same

Most institutions will charge an interest “penalty” for early withdrawals of term deposits, meaning you can lose much of your interest, while some don't allow [...]

POSTED ON July 29, 2011
ING offers pick your own term deposit

ING Direct offers 6.3 per cent for a seven-month term, and 6.5 per cent for a year. Others are offering 6.6 per cent for a [...]

POSTED ON March 29, 2011
Lazy depositors can get over 7 per cent

RaboDirect last week launched a five-year term deposit with an interest rate of 7.15 per cent a year. The bank says it's the best five-year [...]

POSTED ON March 28, 2011
Borrowers looking for no deposit loans

Enquiries for no deposit home loans have increased almost 30 per cent since the start of the year according to data from Experian Hitwise. There [...]

POSTED ON March 23, 2011
Virgin Money attracting hot deposits

The household deposit market has become a hot money market. APRA figures for January released yesterday show RaboDirect losing 13.2 per cent of the value [...]

POSTED ON March 1, 2011
Term deposit market remains competitive

In the term-deposit market the sweet spot for savers looks to be 180-day terms. Infochoice lists close to 30 institutions that are offering six per [...]

POSTED ON January 31, 2011
No rate rise for term deposits

Term deposit rates offered by the big banks have moved up since the RBA increased the official cash rate on Melbourne Cup Day, November 2. [...]

POSTED ON November 30, 2010
Stick to short term deposits

Investors should focus on short-term deposits or floating-rate securities to protect themselves against coming interest rate rises despite the Reserve Bank of Australia (RBA) leaving [...]

POSTED ON October 6, 2010